Aug. 24, 2002: The coffin was finally sealed when bankrupt financial news provider Bridge Information Systems sold its last remaining asset to MoneyLine for $15 million. The sale of this last major Bridge asset brought Bridge's total take to approximately $297.7 million, not including funds for continued operations. Reuters Group plc bought most of Bridge's North American assets for $275 million. SunGard Data Systems Inc. struck a deal in July 2001 to buy some of Bridge assets for $16.2 million.
Continue reading below
